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J.P. Morgan Reduces PT on VanceInfo to $38, Maintains Buy (VIT)
Tuesday, May 17, 2011 - 7:49am | 144J.P. Morgan reduced its price target on VanceInfo (NYSE: VIT) from $42 to $38. This reduction was not enough to persuade J.P. Morgan to downgrade its rating from Overweight, however. In a research report published today, J.P. Morgan states, "Remain Overweight with Dec-11 price target of US$38 (...
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Morgan Stanley Says Salesforce.com Is In A Service Cloud
Tuesday, May 17, 2011 - 7:36am | 122According to Morgan Stanley, Salesforce.com (NYSE: CRM) is under a service cloud. Morgan Stanley said that its work points to strength in the Service Cloud, decent large deal activity, improvements in Force.com and upside from recent acquisitions, which combined with the qtrly trans. data leads it...
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Morgan Stanley Expects Solid Q3 From Intuit
Tuesday, May 17, 2011 - 7:33am | 129According to Morgan Stanley, Intuit (NASDAQ: INTU) is expected to report solid Q3 results on May 19, aided by sustained momentum in the SMB segment and stronger-than-expected Consumer Tax. Morgan Stanley said that data points on SMB sales and payrolls have continued to stabilize, and INTU's...
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Deutsche Bank Reiterates Buy on salesforce.com (CRM)
Tuesday, May 17, 2011 - 7:31am | 125Deutsche Bank is out with its report today on salesforce.com (NYSE: CRM), reiterating Buy. In a note to clients, Deutsche Bank writes, "Salesforce.com is scheduled to report 1Q12 results on May 19 after market closes. We are expecting the company to exceed our revenue of $481m and $0.27 vs Street'...
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UPDATE: Deutsche Bank Raises PT on Intuit to $65 (INTU)
Tuesday, May 17, 2011 - 7:18am | 128Deutsche Bank is out with its report today on Intuit (NASDAQ: INTU), raising its PT from $60 to $65. In a note to clients, Deutsche Bank writes, "Intuit is scheduled to report earnings on May 19 after market close. We are expecting revenue of $1.807b vs Street at $1.819b and guidance of $1.76-$1....
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Jefferies Raises PT To On INTU To $64
Tuesday, May 17, 2011 - 7:17am | 116Jefferies has raised its price target on Intuit (NASDAQ: INTU) from $59 to $64 and is reiterating its Buy rating on the stock ahead of the company's F3Q11 report, to be released on Thursday. Says Jefferies, in the report, “We reiterate our Buy rating ahead of INTU's F3Q11 report on 5/19. We are...
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Deutsche Bank Lowers PT On VanceInfo To $37
Tuesday, May 17, 2011 - 6:57am | 26Deutsche Bank has lowered the price target on VanceInfo (NYSE: VIT) from $40 to $37 and maintains its Buy rating.
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Jefferies Raises PT On Intuit To $64
Tuesday, May 17, 2011 - 6:12am | 26Jefferies & Company has raised the price target on Intuit (NASDAQ: INTU) from $59 to $64 and maintains its Buy rating.
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Deutsche Bank Raises PT On Intuit To $65
Tuesday, May 17, 2011 - 5:53am | 26Deutsche Bank has raised the price target on Intuit (NASDAQ: INTU) from $60 to $65 and maintains its Buy rating.
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JP Morgan Lowers PT On VanceInfo Technologies To $38
Tuesday, May 17, 2011 - 5:47am | 27JP Morgan has lowered the price target on VanceInfo Technologies (NYSE: VIT) from $42 to $38 and maintains its Overweight rating.
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Consumer Now in Question 05-16-2011
Monday, May 16, 2011 - 7:03pm | 953Cusick's Corner Breach! Pressure mounts in Washington as the debt ceiling was breached (bad for the postal pension holders), sending the bond markets to their best levels. Government pension holders will be the backstop at least through the summer. In the commodity world, the floods along the...
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Callidus Software Inc Announces Offering of $70 Million Senior Convertible Notes Due 2016
Monday, May 16, 2011 - 4:21pm | 135Callidus Software, Inc. (NASDAQ: CALD) today announced that it proposes to offer $70 million principal amount of senior convertible notes, subject to market conditions and other factors. The notes would be due in June 2016 and are to be offered and sold to qualified institutional buyers pursuant to...
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Salesforce.com Down 4% On Heavy Volume (CRM)
Monday, May 16, 2011 - 3:03pm | 80Salesforce.com, inc. (NYSE: CRM) shares are struggling mightily today, and on heavy volume as well. At last check, shares of the software-as-a-service provider were off $5.86 to $129.05, a loss of 4.33% on 1.5 million shares. Salesforce.com provides customer and collaboration relationship...
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Top Percentage Gainers and Losers as of 2:15pm 5/16/2011 (VITA, SYK, CISG, TISA, ENOC, TSTC, SPMD, KNDI, ABIO, KONG, OXGN, VRML, PSTR, FXCM, ATRN, SYMX, GSL)
Monday, May 16, 2011 - 2:15pm | 627Best 1) Orthovita (NASDAQ: VITA): Trading up 40.1% from Friday's close to $3.82. Orthovita is set to be acquired by Stryker (NYSE: SYK) for $3.85 per share in cash. The deal is valued at $316 million. 2) CNinsure (NASDAQ: CISG): Trading up 30.3% from Friday's close to $17.15. CNinsure received an...
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Bears Snatch up Puts on KongZhong Corporation (KONG)
Monday, May 16, 2011 - 11:20am | 129Shares of KongZhong Corporation (NASDAQ: KONG) are lower on the session by 21.84%, currently trading at $5.94. The stock has been moving largely lower over the past four weeks and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name today...